On October 5, 2021, the Department of Housing and Urban Development published an advance notice of proposed rulemaking in the Federal Register (FR), Adjustable Rate Mortgages: Transitioning from … more HUD Seeks Industry Feedback on LIBOR Transition
HUD
FHA Provides More Relief for HECM Borrowers
To assist homeowners who are still struggling to meet the requirements of their Home Equity Conversion Mortgage, the Federal Housing Administration is providing up to 12 months of … more FHA Provides More Relief for HECM Borrowers
HECM Handbook Posted to Drafting Table
The Federal Housing Administration posted the draft Home Equity Conversion Mortgage (HECM) Origination through Servicing sections of its Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1) for stakeholder … more HECM Handbook Posted to Drafting Table
Important HECM News From HUD
The Department of Housing and Urban Development made several important announcements this week that impact the Home Equity Conversion Mortgage program. Here are the highlights: HUD published a … more Important HECM News From HUD
Mandatory Transition to FHA Catalyst: Electronic Appraisal Delivery Module
The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2021-23, which establishes mandatory transition dates for mortgagees to submit appraisals for single family forward and reverse mortgage endorsements … more Mandatory Transition to FHA Catalyst: Electronic Appraisal Delivery Module
FHA Publishes New Handbook 4000.1 Update
The Federal Housing Administration (FHA) published a new update to the Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1). The updates include enhancements and revisions to existing guidance … more FHA Publishes New Handbook 4000.1 Update
Julia Gordon Nominated to Be Next FHA Commissioner
Julia Gordon, president of the National Community Stabilization Trust, was nominated by President Joe Biden to be the next Assistant Secretary for Housing/Federal Housing Administration Commissioner. During … more Julia Gordon Nominated to Be Next FHA Commissioner
FHA Updates Property and Appraisal QC Review Requirements
The Federal Housing Administration published Mortgagee Letter (ML) 2021-17, which updates FHA Single Family Quality Control (QC) requirements for appraisal field reviews and the evaluation of property and … more FHA Updates Property and Appraisal QC Review Requirements
Foreclosure Moratorium Extended to July 31
The White House announced today that the Departments of Housing and Urban Development, Veterans Affairs and Agriculture will extend their foreclosure moratoria through July 31, 2021. Subsequent to … more Foreclosure Moratorium Extended to July 31
NRMLA Seeks Clarification On New NBS Rules
In comments submitted to the Department of Housing and Urban Development this week, NRMLA requested that HUD update the HECM loan documents and security instrument to conform with … more NRMLA Seeks Clarification On New NBS Rules